ICICI's Puri-Buch to launch Greater Pacific Singapore office
Former Managing Director and CEO of ICICI Securities Madhabi Puri-Buch will join UK-based Asian PE investor Greater Pacific Capital to set up its Singapore office.
According to The Economic Times, Puri-Buch accepted the role while taking time off from ICICI Group. Earlier this year, she announced a three-year sabbatical from ICICI Securities to follow her husband, Dhaval Buch, an executive at Unilever, to Singapore from India. Anup Bagchi assumed her role as CEO of ICICI Securities.
Puri-Buch said that her role at Greater Pacific doesn't represent a violation of the terms of her sabbatical from ICICI Group. She did not disclose more details of her new position, but noted that the parties are in the process of finalizing the details.
Puri-Buch's appointment is expected to aid Greater Pacific's planning efforts for a major India- and China-focused vehicle, though details of the fund have also yet to be disclosed.
Greater Pacific invests in India and China, and currently claims $500 million under management, raised from global LPs in markets such as Japan, Europe, North America and the Middle East. Its targets the pharmaceuticals, real estate, energy, outsourcing and communications technology sectors. Indian portfolio companies include outsourcing firm Azure Knowledge Corporation and brokerage firm Edelweiss Capital.
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